Ping An Insurance (Group) Company of China (OTCMKTS:PIAIF) Stock Price Down 1.2% – Here’s What Happened

Shares of Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) were down 1.2% on Friday . The stock traded as low as $7.71 and last traded at $7.71. Approximately 8,200 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 18,955 shares. The stock had previously closed at $7.80.

Ping An Insurance (Group) Company of China Stock Down 1.2%

The stock’s fifty day simple moving average is $6.92 and its 200-day simple moving average is $6.60.

Ping An Insurance (Group) Company of China Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 24th. Investors of record on Thursday, September 11th were given a dividend of $0.95 per share. The ex-dividend date was Wednesday, September 10th. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is 15.89%.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.